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FIRST RELEASE |
CROATIAN
BUREAU OF STATISTICS ISSN 1334-0565 |
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YEAR: XLVI. |
ZAGREB, 24 MARCH, 2009 |
NUMBER: 2.1.1/2. |
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OBLIGED TO NOTIFY DATA SOURCE |
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The total industrial production in February 2009 was by 12.4% lower than in February 2008 and, in the period from January to February 2009, it was by 13.3% lower. As compared to the average monthly production in 2008, the industrial production in February 2009 decreased by 14.8%.
According to the MIGs 2009. aggregates, in February 2009, as compared to February 2008, Intermediate goods were by 16.1% lower, Energy by 7.0% higher, while Capital goods were by 11.2%, Durable consumer goods by 32.0% and Non-durable consumer goods by 19.0% lower.
According to the NKD 2007. sections, in February 2009, as compared to February 2008, the production in Mining and quarrying decreased by 18.3%, in Manufacturing by 15.3%, while in Electricity, gas, steam and air conditioning supply it increased by 11.8%.
Comparing the period from January to February 2009 with the same period of 2008, according to the MIGs 2009. aggregates, Intermediate goods were by 19.1% lower, Energy by 6.0% higher, while Capital goods were by 12.9%, Durable consumer goods by 32.2% and Non-durable consumer goods by 18.0% lower.
Comparing the period from January to February 2009 with the same period of 2008, according to the NKD 2007. sections, the production in Mining and quarrying decreased by 15.8%, in Manufacturing by 16.4%, while in Electricity, gas, steam and air conditioning supply it increased by 10.4%.
In February 2009, the trend of the total industrial production was by 0.5% lower than in January 2009 (see G-1.). Detailed industrial production volume indices − seasonally and working-day adjusted indices and trend are published in the First Release No. 2.1.3., which is usually issued one week after this First Release.
1. INDUSTRIAL PRODUCTION VOLUME INDICES, ACCORDING TO MIGs 2009. AND BY NKD 2007. DIVISIONS, FEBRUARY 2009
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Structure |
II.
2009. |
II.
2009. |
I-II.
2009. |
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Total industry |
100,00 |
85,2 |
87,6 |
86,7 |
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According to Main Industrial Groupings − MIGs 2009. |
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AI Intermediate goods |
31,92 |
81,6 |
83,9 |
80,9 |
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AE Energy |
15,34 |
109,8 |
107,0 |
106,0 |
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B Capital goods |
16,11 |
90,9 |
88,8 |
87,1 |
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CD Consumer durables |
2,86 |
76,2 |
68,0 |
67,8 |
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CN Consumer non-durables |
33,77 |
74,4 |
81,0 |
82,0 |
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According to NKD 2007. sections and divisions |
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B Mining and quarrying |
4,89 |
77,7 |
81,7 |
84,2 |
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06 Extraction of crude petroleum and natural gas |
2,74 |
91,6 |
94,6 |
95,9 |
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08 Other mining and quarrying |
1,87 |
54,7 |
61,1 |
60,5 |
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09 Mining support service activities |
0,28 |
95,4 |
87,9 |
93,9 |
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C Manufacturing |
84,31 |
81,7 |
84,7 |
83,6 |
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10 Manufacture of food products |
15,05 |
80,8 |
86,2 |
86,3 |
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11 Manufacture of beverages |
4,98 |
61,4 |
92,9 |
90,1 |
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12 Manufacture of tobacco products |
2,47 |
45,0 |
56,7 |
50,2 |
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13 Manufacture of textiles |
1,11 |
92,2 |
85,3 |
85,5 |
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14 Manufacture of wearing apparel |
3,24 |
82,0 |
74,2 |
72,3 |
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15 Manufacture of leather and related products |
1,25 |
62,4 |
52,0 |
62,1 |
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16 Manufacture
of wood and of products of wood and cork, except furniture; |
3,34 |
83,4 |
80,7 |
77,0 |
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17 Manufacture of paper and paper products |
2,66 |
99,8 |
100,5 |
92,1 |
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18 Printing and reproduction of recorded media |
4,29 |
80,8 |
98,9 |
103,2 |
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19 Manufacture of coke and refined petroleum products |
1,80 |
98,9 |
96,5 |
95,4 |
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20 Manufacture of chemicals and chemical products |
3,74 |
88,4 |
90,5 |
89,7 |
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21 Manufacture of basic pharmaceutical products and pharmaceutical preparations |
2,49 |
62,5 |
55,4 |
57,9 |
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22 Manufacture of rubber and plastic products |
3,00 |
94,3 |
87,9 |
88,9 |
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23 Manufacture of other non-metallic mineral products |
7,33 |
72,3 |
82,5 |
80,1 |
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24 Manufacture of basic metals |
1,83 |
74,1 |
81,0 |
73,3 |
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25 Manufacture of fabricated metal products, except machinery and equipment |
6,37 |
76,5 |
75,6 |
73,7 |
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26 Manufacture of computer, electronic and optical products |
2,57 |
82,6 |
57,5 |
72,7 |
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27 Manufacture of electrical equipment |
3,47 |
106,3 |
107,8 |
95,5 |
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28 Manufacture of machinery and equipment n. e. c. |
3,58 |
83,7 |
95,1 |
80,1 |
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29 Manufacture of motor vehicles, trailers and semi-trailers |
0,37 |
85,1 |
69,8 |
63,2 |
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30 Manufacture of other transport equipment |
3,39 |
104,6 |
102,1 |
102,0 |
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31 Manufacture of furniture |
2,06 |
73,1 |
65,4 |
65,4 |
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32 Other manufacturing |
0,54 |
74,1 |
60,7 |
47,9 |
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33 Repair and installation of machinery and equipment |
3,38 |
106,8 |
105,9 |
111,7 |
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D Electricity, gas, steam and air conditioning supply |
10,80 |
116,2 |
111,8 |
110,4 |
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35 Electricity, gas, steam and air conditioning supply |
10,80 |
116,2 |
111,8 |
110,4 |
METHODOLOGICAL NOTES
Industrial production volume index is an important short-term indicator of business cycle that measures monthly results of the industrial sector. Taking into account its periodicity, its rapid availability and detailed breakdown by divisions of industrial economy sector (in sections of the NKD 2007. divisions B, C and D, except group 35.3), it is a central and up-to-date indicator of the development of industrial sector, which is one of the most volatile components of economy.
In this first release, all indices are presented in original (unadjusted) form. They were calculated on the basis of data collected through the Monthly Survey on Industrial Production (IND-1/KPS/M form) in 2009. Seasonally and working-day adjusted indices and trend will also be available in the follow-up First Release No. 2.1.3., which is issued approximately one week after this first release.
Legal and methodological framework
The Monthly Survey on Industrial Production (IND-1/KPS/M form) in 2009 is carried out by the Central Bureau of Statistics together with county statistical offices on the basis of the Official Statistics Act (NN, No. 103/03).
Concepts and definitions used in this survey are specified in the Statistical Standards for the Monthly Survey on Industrial Production and Persons Employed (IND-1/KPS/M form) published in Narodne novine No. 11/09. Concepts and definitions are harmonised with the EU Methodology of Short-Term Business Statistics (Theme 4, ISSN 1725-0099; European Communities, 2006) as well as with the Commission Regulation (EC) No. 1503/2006 on definitions of variables, list of variables and frequency of data compilation.
Scope and coverage
The IND-1/KPS/M Survey covers enterprises and parts thereof employing 20 or more persons and performing one or several industrial activities listed in the NKD 2007. sections B Mining and quarrying, C Manufacturing and D Electricity, gas, steam and air conditioning supply, that is, their divisions 05 – 35 (except group 35.3).
Reference period
The reference period for data collection is a calendar month. As a rule, completed IND-1/KPS/M forms must be returned by mail to the Central Bureau of Statistics, as a rule 12 days after the end of the reference period.
Definitions and calculation method
Industrial production volume indices are chain indices of finished industrial products defined by the Nomenclature of Industrial Products – NIPUM 2009.
A finished product is every product that reached a certain level in the production process and listed in the NIPUM 2009. under separate codes and headings.
Calculation method1)
Industrial production volume indices for various levels of the NKD 2007. are calculated in two stages according to the Laspeyres formula. In the first stage, indices are calculated from quantity data on production of individual products according to the NIPUM 2009. and an adequate weighting coefficient, which represents an estimated value added of individual products. In the second stage, all indices of groups and higher levels are weighted with shares of value added of individual activities of industrial production by NKD 2007. levels. In this way, the relative importance of individual levels is defined and, at the same time, different levels of coverage are levelled.
Indices for MIGs 2009. aggregates are calculated in the same way by predominant end-use of products within the same NKD 2007. activity group. Since January 2009, new definitions have been applied for MIGs aggregations in the calculation of aggregated indices in regard of the further harmonisation with the EU statistical standards.2) In order to avoid the misunderstanding regarding the MIGs version applied, in all publications of the Central Bureau of Statistics it will be marked with MIGs 2009. instead of the currently used MIGs 2001.
Weighting coefficients of individual products of the NIPUM 2009. used in the calculation of industrial production index represent the value added to the unit production of a respective product. They are calculated on the basis of unit values of the PRODCOM survey on industrial production for 2005 and are revised every five years. Weighting coefficients used in the period from 2002 to 2008 were calculated on the basis of the 2000 Annual Report on Industry.
In the Republic of Croatia, the structure of industrial activities (division structure) was calculated in 2008 on the basis of the gross value added of factor costs by kind-of-activity (pure activity) principle. It was calculated on the basis of 2007 annual statistical results of the Structural Business Survey on Industry (coverage of 94.5%) of the Central Bureau of Statistics and annual results taken over from administrative data obtained of Fina – the Annual Accounts of Industrial Enterprises in 2007 (coverage of 5.5%) and was further corrected by industrial production volume indices for 2008. The division structure is updated at the beginning of every year for the calculation of indices in a current year.
1) Additional information are available in the Studies and Analyses – Short-Term Indicators on Industry, No. 85, Zagreb, 1999, CBS.
2) COMMISSION REGULATION (EC) No. 656/2007 of 14 June 2007 on Implementing Council Regulation (EC) No. 1165/98 concerning short-term statistics as regards to the definitions of Main Industrial Groupings (MIGs).
Special notes to users
Time series of monthly indices of industrial production from NKD 2002. that have been backcasted to NKD 2007. at the level of sections and divisions as well as MIGs 2009. aggregates are available for the period from January 1998 to December 2008 and will be published in the First Release No. 2.1.3./1. titled Industrial Production Volume Indices − Seasonally and Working-Day Adjusted Indices and Trend, which was issued on19 March 2009 by the Central Bureau of Statistics as well as on web site of the Central Bureau of Statistics. Additionally, recalculated time series are also available in the electronic form on the basis of users’ personal request to the Statistical Information and Documentation, Archive and Publications Division of the Central Bureau of Statistics.
Abbreviations
CBS Central Bureau of Statistics
EU European Union
Fina Financial Agency
MIGs 2009. Main Industrial Groupings, 2009 version
n.e.c. not elsewhere classified
NKD 2007. National Classification of Activities, 2007 version
NN Narodne novine, official gazette of the Republic of Croatia